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INCENTIVE ANALYSIS OVERVIEW (estimated) <br /> (Under Guidelines in place before January 1, 2004) <br /> <br />Company's Legal Name .............................. Perdue Farms Incorporated <br />Representative ....................................................... Beth Wanke, HR <br />State of Incorporation ........................................................ Maryland <br />Nature of Business .......................... Mfg. Prepared Foods Processing <br /> <br />Current Facilities in Cabarrus County .............. 132,000 sf at 862 Harris <br /> St., Concord <br /> <br />Current Employment ................................................................. 410 <br />Proposed new or additional Cabarrus facility <br /> <br /> Proposed Location ...................................... 862 Harris St., <br /> Concord <br /> <br /> Square Feet .......................................................... 20,000 <br /> <br /> Investment <br /> Real Estate ........................ $ 3,550,000 <br /> Equipment ......................... $10,650,000 <br /> Total Investment ................. $14,200,000 <br /> <br /> # of new full time jobs ...................... 100 @ $11.00 Average <br /> Total full time annual payroll ............................. $2,288,000 <br /> <br /> # of new contract labor jobs ...................................... NIA <br /> Total contract labor annual payroll .............................. NIA <br /> <br /> Total new payroll ............................................. $2,288,000 <br /> <br />Concord Incentive Level 1 Grant @ 65% .......................... $128,320.92 <br />Cabarrus Incentive Level 1 @ 75% ................................... $192,845.35 <br />Total Incentive .............................................................. $321,166.27 <br /> <br />Net to City .................................................................... $127,369.08 <br />Net to County ............................................................... $204,754.65 <br />Total Net Tax Revenues ................................................. $332,123.73 <br /> <br /> <br />